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Civista Bancshares (CIVB)
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Civista Bancshares (CIVB) AI Stock Analysis

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CIVB

Civista Bancshares

(NASDAQ:CIVB)

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Outperform 76 (OpenAI - 4o)
Rating:76Outperform
Price Target:
$24.00
▲(9.24% Upside)
Civista Bancshares demonstrates strong financial performance and valuation metrics, with robust earnings growth and an attractive dividend yield. Technical indicators suggest positive momentum, while the earnings call highlights confidence in future growth. However, increasing leverage and cash flow challenges present risks that need to be managed.

Civista Bancshares (CIVB) vs. SPDR S&P 500 ETF (SPY)

Civista Bancshares Business Overview & Revenue Model

Company DescriptionCivista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit. The company also purchases securities; and provides trust and third-party insurance services. It operates approximately 42 locations in Northern, Central, Southwestern, and Northwestern Ohio, as well as Southeastern Indiana and Northern Kentucky. The company was formerly known as First Citizens Banc Corp and changed its name to Civista Bancshares, Inc. in May 2015. Civista Bancshares, Inc. was founded in 1884 and is headquartered in Sandusky, Ohio.
How the Company Makes MoneyCivista Bancshares generates revenue primarily through interest income from loans, which includes commercial, residential, and consumer loans. Additionally, the company earns interest from investments in securities. Non-interest income also contributes significantly to its earnings, derived from service charges, fees for various banking services, and mortgage origination fees. The company has established partnerships with local businesses and community organizations, enhancing its customer base and fostering growth. Furthermore, Civista Bank's focus on retail banking and wealth management services provides additional avenues for revenue generation, strengthening its financial position.

Civista Bancshares Earnings Call Summary

Earnings Call Date:Oct 23, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 05, 2026
Earnings Call Sentiment Positive
The earnings call reflected a strong financial performance with significant increases in net income and efficiency improvements. Successful capital raising and deposit growth were major positives. However, challenges with loan declines and increased expenses due to acquisition costs were noted. The overall sentiment suggests confidence in future growth and stability.
Q3-2025 Updates
Positive Updates
Significant Increase in Net Income
Net income for the third quarter of $12.8 million, a 53% increase over the third quarter of 2024, and a 16% increase over the linked quarter.
Successful Capital Raise
Completed a follow-on common stock offering raising $80.5 million of new capital, which will support growth and reduce overnight borrowings.
Increase in Noninterest Income
Noninterest income increased by 46.2% over the linked quarter, driven by increased leasing activity and other income categories.
Improved Efficiency Ratio
Efficiency ratio improved to 61.5% from 64.5% in the linked quarter and 70.5% in the prior year third quarter.
Increase in Core Deposits
Core deposits increased by $87 million year-to-date, with a $56.4 million increase in core deposit funding during the quarter.
Strong Credit Quality
Allowance for credit losses to nonperforming loans improved to 177% at September 30, compared to 122% at December 31, 2024.
Negative Updates
Decline in Total Loans and Leases
Total loans and leases declined by $55.1 million during the quarter due to over $120 million of payoffs, presenting headwinds for loan growth.
Noninterest Expense Increase
Noninterest expense increased by $3.1% over the linked quarter, primarily driven by $700,000 in nonrecurring acquisition expenses.
Unrealized Losses in Securities
Securities portfolio had $44.5 million of unrealized losses at September 30, representing a significant amount despite some reduction since December 31, 2024.
Company Guidance
In the third quarter of 2025, Civista Bancshares reported a net income of $12.8 million, or $0.68 per diluted share, marking a 53% increase from the third quarter of 2024 and a 16% rise over the previous quarter. Pre-provision net revenue also grew by 45% year-over-year. The net interest income was $34.5 million, and net interest margin slightly declined to 3.58%, factoring in a one-time adjustment from the prior quarter. The company successfully raised $80.5 million through a follow-on common stock offering, enhancing its capital for organic growth and reducing funding costs. Additionally, Civista announced regulatory approval for its merger with Farmers Savings Bank, with the transaction expected to close soon. The company maintained a quarterly dividend of $0.17 per share, consistent with the previous quarter, yielding 3.3% and a dividend payout ratio of nearly 25%. Noninterest income rose by 46.2% over the linked quarter, primarily due to increased leasing fees. Noninterest expenses were $28.3 million, with acquisition expenses impacting the quarter's results. The efficiency ratio improved to 61.5%. Despite a $55.1 million decline in total loans and leases, core deposits grew by $56.4 million. The bank’s Tier 1 leverage ratio stood at 11%, and the tangible common equity ratio increased to 9.21%, expected to settle at 8.6% post-merger. The allowance for credit losses was stable at 1.30%, and the bank maintained strong credit quality. Civista remains focused on organic growth, leveraging its pipeline for future expansion.

Civista Bancshares Financial Statement Overview

Summary
Civista Bancshares demonstrates strong financial performance with robust revenue growth, healthy profitability, and efficient cash management. The balance sheet is stable, though the increase in liabilities warrants monitoring.
Income Statement
78
Positive
Civista Bancshares has shown robust revenue growth with a TTM (Trailing-Twelve-Months) increase in total revenue. The gross profit margin remains strong, and net profit margin is stable, reflecting efficient cost management. EBIT and EBITDA margins indicate healthy operational efficiency. Overall, the income statement reflects strong profitability and growth momentum.
Balance Sheet
65
Positive
The balance sheet shows a moderate debt-to-equity ratio, indicating a balanced use of leverage. The equity ratio suggests strong asset backing, while the return on equity demonstrates effective use of equity to generate profits. Although liabilities have increased, the overall financial position remains stable.
Cash Flow
70
Positive
Civista Bancshares exhibits strong operating cash flow relative to net income, suggesting effective cash management. The free cash flow has grown, which is a positive sign of financial flexibility. Cash flow from operations is robust, supporting the company's ability to finance investments and dividends.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue247.26M241.90M217.48M152.98M134.19M126.18M
Gross Profit154.47M146.55M155.80M135.28M123.73M105.93M
EBITDA46.46M47.60M62.95M52.79M51.25M40.30M
Net Income39.40M31.68M42.96M39.43M40.55M32.19M
Balance Sheet
Total Assets4.19B4.10B3.86B3.64B3.01B2.77B
Cash, Cash Equivalents and Short-Term Investments716.77M329.94M679.90M660.24M815.06M491.69M
Total Debt544.15M450.88M454.19M643.35M204.23M183.34M
Total Liabilities3.78B3.71B3.49B3.30B2.66B2.42B
Stockholders Equity404.14M388.50M372.00M334.83M355.21M350.11M
Cash Flow
Free Cash Flow45.65M44.06M59.27M18.68M38.83M30.68M
Operating Cash Flow50.22M48.25M62.70M25.18M40.76M32.65M
Investing Cash Flow-170.86M-258.80M-311.78M-410.36M-130.50M-340.98M
Financing Cash Flow138.74M213.30M266.13M164.30M216.93M398.80M

Civista Bancshares Technical Analysis

Technical Analysis Sentiment
Positive
Last Price21.97
Price Trends
50DMA
20.76
Positive
100DMA
21.15
Positive
200DMA
20.88
Positive
Market Momentum
MACD
0.26
Negative
RSI
60.95
Neutral
STOCH
75.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CIVB, the sentiment is Positive. The current price of 21.97 is above the 20-day moving average (MA) of 20.80, above the 50-day MA of 20.76, and above the 200-day MA of 20.88, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 60.95 is Neutral, neither overbought nor oversold. The STOCH value of 75.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CIVB.

Civista Bancshares Risk Analysis

Civista Bancshares disclosed 27 risk factors in its most recent earnings report. Civista Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Civista Bancshares Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$428.36M8.299.73%3.15%3.49%33.86%
$395.36M9.4710.03%1.53%9.76%4.43%
$394.59M56.762.24%3.90%23.26%
$371.01M9.4211.07%3.63%0.85%18.21%
$18.00B11.429.92%3.81%9.73%1.22%
$389.06M11.5314.53%1.67%13.16%37.40%
$401.67M98.641.29%-15.07%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
CIVB
Civista Bancshares
21.97
3.83
21.11%
BMRC
Bank Of Marin Bancorp
25.66
3.71
16.90%
GCBC
Greene County Bancorp
22.84
-5.22
-18.60%
BSRR
Sierra Bancorp
27.59
-0.32
-1.15%
FRBA
First Bank
15.77
1.79
12.80%
BRBS
Blue Ridge Bankshares
4.30
1.34
45.27%

Civista Bancshares Corporate Events

Civista Bancshares’ Earnings Call: Strong Growth Amid Challenges
Oct 25, 2025

The recent earnings call for Civista Bancshares painted a picture of robust financial health and strategic growth, despite some challenges. The overall sentiment was one of confidence, bolstered by significant increases in net income and efficiency improvements. The company successfully raised capital and saw substantial deposit growth, although it faced hurdles with loan declines and increased expenses due to acquisition costs. The sentiment suggests optimism about future growth and stability.

Civista Bancshares Reports Strong Q3 2025 Results
Oct 24, 2025

Civista Bancshares, Inc., a financial holding company based in Sandusky, Ohio, operates primarily through its subsidiary, Civista Bank, offering banking, commercial lending, mortgage, and wealth management services across Ohio, Southeastern Indiana, and Northern Kentucky. The company also provides commercial equipment leasing services nationwide through its Civista Leasing and Finance Division.

Business Operations and StrategyDividends
Civista Bancshares Declares Quarterly Dividend of 17 Cents
Positive
Oct 22, 2025

On October 22, 2025, Civista Bancshares, Inc. announced that its Board of Directors approved a quarterly dividend of 17 cents per common share, consistent with the previous quarter. The dividend, amounting to approximately $3.3 million, will be payable on November 18, 2025, to shareholders of record as of November 4, 2025. This dividend offers an annualized yield of 3.35% based on the closing stock price of $20.31 as of September 30, 2025. This announcement reflects Civista’s stable financial strategy and commitment to returning value to shareholders, reinforcing its position in the financial industry.

The most recent analyst rating on (CIVB) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Civista Bancshares stock, see the CIVB Stock Forecast page.

M&A TransactionsRegulatory Filings and Compliance
Civista Bancshares Receives Approval for Farmers Merger
Positive
Oct 14, 2025

On October 14, 2025, Civista Bancshares, Inc. and The Farmers Savings Bank announced they have received all necessary regulatory approvals to proceed with their merger, pending shareholder approval and customary conditions. This merger is expected to expand Civista’s presence in Ohio, enhancing value for customers and communities, with the integration of Farmers into Civista Bank anticipated to complete in November 2025, and system conversion planned for the first quarter of 2026.

The most recent analyst rating on (CIVB) stock is a Buy with a $22.50 price target. To see the full list of analyst forecasts on Civista Bancshares stock, see the CIVB Stock Forecast page.

Financial Disclosures
Civista Bancshares to Release Q3 2025 Financial Results
Neutral
Sep 30, 2025

Civista Bancshares, Inc. announced on September 30, 2025, that it will release its third quarter 2025 financial results before the market opens on October 23, 2025. The company will also host a conference call and webcast on the same day to discuss the financial results, allowing analysts to participate in a question-and-answer session. This announcement is a routine disclosure that provides stakeholders with important financial insights and reaffirms Civista’s commitment to transparency and communication with its investors.

The most recent analyst rating on (CIVB) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on Civista Bancshares stock, see the CIVB Stock Forecast page.

Business Operations and StrategyM&A Transactions
Civista Bancshares to Attend Stephens Bank Forum
Positive
Sep 15, 2025

On September 16-17, 2025, Civista Bancshares‘ senior management will engage with investors at the Stephens 15th Annual Bank Forum in Little Rock, Arkansas. This engagement reflects Civista’s strategic efforts to strengthen its investor relations and market presence. The company has been actively expanding its operations, as evidenced by its recent acquisition of Farmers Savings Bank, which is expected to enhance its competitive advantage in the Cleveland MSA. This acquisition aligns with Civista’s growth strategy, which has seen significant increases in deposits and loans since 2019, positioning the company as a strong player in the financial sector.

The most recent analyst rating on (CIVB) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Civista Bancshares stock, see the CIVB Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Civista Bancshares Promotes Robert Katitus to Key Roles
Positive
Aug 13, 2025

On August 13, 2025, Civista Bancshares announced the promotion of Robert L. Katitus to Executive Vice President and Chief Lending Officer of both Civista Bancshares and Civista Bank. Katitus, who has over 25 years of experience in banking and commercial lending, has been with Civista since 2010 and has played a crucial role in expanding commercial lending efforts in Ohio. His promotion reflects Civista’s strategy of nurturing internal talent and ensuring leadership continuity, which is expected to support the company’s growth and community service efforts.

The most recent analyst rating on (CIVB) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Civista Bancshares stock, see the CIVB Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
Civista Bancshares Updates Governance Practices
Neutral
Jul 28, 2025

On July 22, 2025, Civista Bancshares, Inc. announced amendments to its Code of Regulations to align with developments in the Ohio General Corporation Law and to modernize its governance practices. Key changes include the Board’s authority to set alternate dates for shareholder meetings, updated director compensation provisions, the election of a Lead Independent Director when necessary, modernized indemnification standards, and the transition to uncertificated shares. These amendments aim to enhance governance efficiency and reflect current industry standards.

The most recent analyst rating on (CIVB) stock is a Hold with a $18.50 price target. To see the full list of analyst forecasts on Civista Bancshares stock, see the CIVB Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 24, 2025